Personal Finance
Cheapest Car Insurance in Singapore for New and Experienced Drivers
By Seedly  •  May 4, 2024
We know, we know, cars are expensive in Singapore. Owning a car means taking out a car loan, paying parking fees, and… getting car insurance. Car insurance is compulsory in Singapore, typically costing between $800 and $2,000. However, the good news is that several car insurance providers offer comprehensive coverage without having you break the bank.

Car insurance protects you in case of accidents, and for new drivers, it gives you peace of mind as you gain experience. If you’re looking for more affordable coverage, here are some of the cheapest options in Singapore.

TL;DR: Cheapest Car Insurance in Singapore (May 2024)

For simplicity, we will use Toyota Vios 1.5 (A), registered in 2023 and manufactured in 2022, to compare prices across common providers over one year. This is the driver’s profile: 30 year old 0% No Claim Discount (NCD) Driving experience: 4 years Non-off-peak...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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